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Dates: during 1970-1979
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Both crews rowed graceful, if unspectacular, races, moved swiftly to the numerous Heinekens, and waited for the computer to spit out the result. Verdict: The Rude and Smooth finished 32nd; Alte Achter 33rd, 2.9 seconds behind. Youth, relatively speaking of course, had triumphed...
...dollars acquired by banks from foreign sources for relending to borrowers in the U.S. be set aside and not loaned to anyone. Known generally as Eurodollars, these expatriate greenbacks have accumulated as U.S. payments deficits, starting in the 1960s; lately they have been increasing dramatically as a result of the rising cost of imported oil. Today they form a $600 billion money mountain in Europe as well as in the Caribbean and other offshore tax havens, where they have escaped the control of the Federal Reserve. In the past, when the Fed tried to curb the pace of business?...
...grown so bloated and distorted with spiraling prices that the traditional techniques of money management have become increasingly useless and even counterproductive. Indeed, at certain critical moments, well-intentioned efforts by the Fed either to tighten up or to relax the reins on monetary growth have boomeranged. The result has been periods of money drying up when it should have been plentiful, or pouring in torrents into an economy already very much awash...
...annoyingly returns to save the prison-bound Charles time and time again. This is not a nice young man. "You should have let him stay in prison," Charles' father warns the young Frenchman. "He begged you and you believed him and took pity on him. And now the result of your mercy will be the blood of the innocents. Wherever my son walks, it will fall like the monsoon rain...
...humiliation and frustration of seeing her works banned, Gordimer protests she falls far short of Rosa's ideal. "I've never been named, and wouldn't be (naming is a form of punishment less severe than banning, but which restricts movement and visits). People are named as a result of direct political activity. It takes a lot of courage to do that," she says...